Independent music company Chrysalis Group has said it expects its royalties to grow next year, building on a "good" performance this year.
The firm said it had enjoyed good chart performances by Pendulum in the UK and Ray LaMontagne in the US.
It also benefited from its writers' contributions to albums by Kylie Minogue, Robbie Williams and Tom Jones.
The group also said it had a strong autumn/winter release schedule lined up.
"Although the market remains challenging, our performance continues to be on track," commented Jeremy Lascelles, Chrysalis chief executive.